If the U.S. Supreme Court strikes down the federal government's ban on offensive trademarks, don't expect much mourning from either trademark or First Amendment experts, who say the rule has never really made much sense under either discipline.
A top U.K. lawmaker on Friday said regulators must force banks to upgrade their crumbling information technology systems following a series of meltdowns that exposed millions of consumers to cybersecurity risks.
A Manhattan civil jury hit Costco Wholesale Corp. with a hefty bill Thursday for selling "Tiffany" rings that infringed Tiffany & Co.'s flagship trademark, finding the national retailer owes the jeweler $5.5 million in damages for unlawful profits – and also putting the big box chain on the hook for punitive damages to be determined in coming days.
A top House Democrat said Thursday that she will work to break up Wells Fargo & Co. because the $185 million fine that the bank paid to settle claims that employees created unauthorized accounts and other recent penalties have shown Wells to be too big to manage.
Cadwalader Wickersham & Taft LLP will be closing its offices in Hong Kong and Beijing and laying off the 27 attorneys they maintain as part of firm efforts to focus more on “core clients” in the wake of partner exits.
Och-Ziff Capital Management Group LLC will pay nearly $413 million in a deferred prosecution agreement and U.S. Securities and Exchange Commission settlement, while an African subsidiary pled guilty to violating the Foreign Corrupt Practices Act by bribing government officials, the SEC said Thursday.
The U.S. Supreme Court on Thursday agreed to hear a case to determine whether a court must justify a link between a sanctions award and the severity of the misconduct if it fails to afford the sanctioned party the protections of criminal due process reserved for punitive damages.
By Max Stendahl